Innovation and the survival of new firms in the UK

Christian Helmers, Mark Rogers

Research output: Contribution to journalArticle

Abstract

This paper analyzes the survival over the subsequent 5-year period of the complete cohort of nearly 162,000 limited companies that incorporated in Britain in 2001. The paper focuses on the relationship between innovation and survival at the firm-level. The data available allow us to look at the intellectual property (IP) activity of all British firms, including that of the cohort of new firms in 2001. The results indicate that IP activity, measured as patenting and trade-marking, is associated with a considerably lower probability of exit. We also find substantial differences in survival probabilities across sectors. In some sectors patenting is associated with a lower probability of exit; however, trade-marking is associated with lower probability in almost all sectors.
Original languageEnglish
Pages (from-to)227-248
Number of pages22
JournalReview of industrial organization
Volume36
Issue number3
DOIs
Publication statusPublished - May 2010

Keywords

  • firm survival
  • intellectual property
  • start-ups

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